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To complete a Form 1120-S for a S Corporation and issue a Schedule K-1 you have to use the TurboTax Business Edition - https://turbotax.intuit.com/small-business-taxes/cd-download/
The Business Edition can only be installed on a Windows based personal computer, not on a Mac or online.
The Business Edition cannot be used to complete a personal tax return, Form 1040.
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